A discount of one third off the Initial Registration Fee is available for owners registering through Plan B and under the following circumstances:

Registration of a vessel that is five (5) years of age or less from date of first construction or that has undergone a major conversion within the past five (5) years (this discount is calculated in the following worksheet).

Registration of three (3) or more vessels at the same time that are fifteen (15) years of age or less or at least an irrevocable written commitment to register three (3) or more such vessels within a calendar year (this discount is NOT calculated in the following worksheet).

This discount will be increased to fifty percent for an owner registering ten (10) or more vessels that are fifteen (15) years of age or less at the same time or submitting an irrevocable written commitment to register ten (10) or more such vessels within a calendar year (this discount is NOT calculated in the following worksheet).